Certified Public Accountant – CPA (USA)

CPA is an American certification (license) awarded by the American Institute of Certified Public Accountant (AICPA).

WHAT IS THE ELIGIBILITY?

To get the free assessment and to know about your eligibility kindly click here and fill the Assessment Form.

WHO CAN DO?

• Every state has its own criterion but in general, it requires at least a minimum of Bachelor’s degree-4years( Subjects in Accounting, Finance, Tax, & Business)
• 3 years B.Com has bright chances if taxation and audit are studied.
Note: This is a common misconception that you need 120 credit hours. Some States require 24 accounting & 24 business hours and some States require less

WHAT IS THE COURSE STRUCTURE?

CPA BEC: Business Environment Concepts	CPA AUD: Auditing and Attestation	CPA FAR: Financial Accounting & Reporting	CPA REG: Regulation
• [22%] Corporate Governance • [22%] Economic Concepts and Analysis • [16%] Financial Management • [20%] Information Technology(IT) • [20%] Operations Management	• [20%] Ethics, Professional Responsibilities and General Principles • [25%] Assessing Risk and Developing a Planned Response • [35%] Performing Further Procedures and Obtaining Evidence • [20%] Forming Conclusions and Reporting	• [30%] Conceptual Framework, Standard-Setting and Financial Reporting • [35%] Select Financial Statement Accounts • [25%] Select Transactions • [10%] State and Local Governments	• [70%] Federal Taxation • [15%] Business Law • [15%] Ethics, Professional Responsibilities, and Federal Tax Procedures

WHAT IS THE EXAM FORMAT?

CPA Exam Section		CPA BEC: Business Environment Concepts	CPA AUD: Auditing and Attestation	CPA FAR: Financial Accounting & Reporting	CPA REG: Regulation
Testlet 1 & 2: MCQ		31 MCQ each testlet	36 MCQ each testlet	33 MCQ each testlet	38 MCQ each testlet
Testlet 3: TBS		2 TBS	2 TBS	2 TBS	2 TBS
Testlet 4: TBS		2 TBS	3 TBS	3 TBS	3 TBS
Testlet 5	TBS	–	3 TBS	3 TBS	3 TBS
Testlet 5	WC	3 WC	–	–	–
		50% – Multiple Choice 35% – Task Based Simulations 15% – Written Communication	50% – Multiple Choice 50% – Task Based Simulations	50% – Multiple Choice 50% – Task Based Simulations	50% – Multiple Choice 50% – Task Based Simulations

Note: Each section of the exam is scored on a scale of 0 to 99. Candidates must get a score of 75 in order to pass a section. It’s important to understand a 75 percent or a C+ grade is not equivalent to a passing score. You must achieve at least 75 points in order to pass.

	CPA BEC: Business Environment Concepts	CPA AUD: Auditing and Attestation	CPA FAR: Financial Accounting & Reporting	CPA REG: Regulation
EXAM DURATION:	4 hours
EXAM DATES:	Q1: JAN 1 – MAR 10 Q2: APR 1 – JUN 10 Q3: JUL 1 – SEP 10 Q4: OCT 1 – DEC 10
EXAM FEE:	• First Time Application Fee: $ 175.00 • Exam Fee: $208.40
EXAM LOCATION:	International Administration of the Uniform CPA Examination: • In conjunction with the AICPA and Prometric, NASBA provides the opportunity for international administration of the Uniform CPA Examination (Exam) to be offered in England, Scotland, Ireland, Germany, Japan, Brazil, Bahrain, Kuwait, Lebanon and the United Arab Emirates. • The CPA exam is administered by Prometric Testing Centers, open year-round, 6 days a week, with locations across the U.S. • To schedule an exam, register online with Prometric (www.prometric.com/cpa).

WHAT ARE THE OTHER BENEFITS YOU WILL GAIN?

Qualified CPA United States can do practice in following country without having to any re-credentials of his/her education:
• Institute of Chartered Accountants in Australia (ICAA)
• Canadian Institute of Chartered Accountants (CPA Canada)
• Canada, Mexico, and United States Memorandum of Understanding
• Chartered Accountants Ireland – formerly the Irish Institute of Chartered Accountants (CAI)
• Institute Mexican de Contadores Publicos (IMCP)
• New Zealand Institute of Chartered Accountants (NZICA)
• Hong Kong Institute of Certified Public Accountants (HKICPA)

MRA Requirements for U.S.CPAs:
Beyond the borders of the United States, obtaining mobility has been eased by the establishment of mutual recognition agreements (MRAs) with professional accountancy bodies in six countries. This chart outlines the requirements for U.S. CPAs to work in these countries.

Jurisdiction	Agreement Participant	Education Requirements	Examination Requirements	Experience Requirements
Canada	Chartered Professional Accountants of Canada (CPA Canada)	Same as U.S. jurisdiction granting certification in U.S. Sates following the Uniform Accountancy Act. More Information: www.becomeacaincanada.ca	Must pass the Chartered Accountants Resiprocity Examination (CARE)	Minimum of three years. More information: www.catrainingoffice.ca
Australia	Institute of Chartered Accountants In Australia (ICAA)	Same as U.S. jurisdiction granting certification, plus corporations law and taxation courses taken at an Australian University	Same as U.S. jurisdiction granting certification	Same as U.S. jurisdiction granting certification
New Zealand	The New Zealand Institute of Chartered Accountants (NZICA)	Same as U.S. jurisdiction granting certification, plus taxation, commercial and corporate law courses taken at a New Zealand tertiary education provider	Same as U.S. jurisdiction granting certification	Same as U.S. jurisdiction granting certification. (Practice Certificate experience waived for documented equivalent U.S. experience.)